An analyst for Morgan Stanley is predicting that the sale of graphics cards (GPUs) for cryptocurrency mining will fall next year, signifying a potential hurdle for sellers like AMD.
Joseph Moore, according to coverage from Barron’s and Benzinga, suggested in a new report published this week that a mixture of network upgrades – including a decline in the overall block reward on the ethereum network from 5 ETH to 3 ETH – would have a tangible impact on miners, who engage in an energy-intensive process to create new transaction blocks.
As a result, according to Morgan Stanley, companies such as AMD could see their mining-related sales plunge by as much as 50% next year.
Moore wrote: […]
Read Full: Morgan Stanley Predicts 2018 Plunge in GPU Mining Sales